Sabha – The General Assembly meetings for the National Oil Corporation (NOC) and its subsidiaries concluded in Sabha. The meetings were for the year 2025. They were chaired by Engineer Masoud Suleiman. Suleiman is the Chairman of the Board of Directors. Board members attended the assembly. Heads of administration committees from oil companies were also present. Sabha Institute and general managers participated. Several oil sector specialists attended.
The meetings included Akakus Oil Operations Company. Zallaf Libya was also part of the discussions. Sabha Institute for Oil Technology participated. Annual activities were reviewed. Targeted projects for 2026 were discussed. Implemented and projected budgets were presented.
Engineer Suleiman praised Akakus Company’s production. The company produced 325,000 barrels of crude oil daily. Its average gas production was 20 million cubic feet per day. He affirmed Akakus’ success in exploration and development.
He also noted Zallaf Libya’s effective production. Its daily average reached 10,000 barrels. Peak production was 14,400 barrels. The gas production rate was 11 million cubic feet per day. Suleiman pointed to the ongoing Southern Refinery project. This project aims to meet the region’s petroleum product needs. It continues despite financial challenges.
Regarding the Sabha Institute for Oil Technology. The NOC chairman praised efforts to advance the institute. He lauded the equipping of its technical workshop. 149 trainees received instruction there. Training covered production, mechanics, and electricity. Renewable energy specializations were also offered. This embodies the partnership principle between companies and the institute.
Masoud Suleiman reaffirmed the importance of strategic plans. These plans aim to enhance operational efficiency. He stressed the value of regular meetings. These meetings should occur between the NOC and company managements. This will improve coordination and resolve obstacles. Such efforts support sector stability. They also boost production.